IBM Resolves Lawsuit against Former Employee Mark D. Papermaster

ARMONK, N.Y.--(Business Wire)--
IBM (NYSE: IBM) announced today that it has resolved its lawsuit against former
IBM employee, Mark D. Papermaster, on terms that protect IBM`s proprietary and
confidential information.

After Mr. Papermaster left IBM to begin employment with Apple Inc., a federal
district court granted IBM`s request for preliminary injunctive relief and
ordered that Mr. Papermaster immediately cease employment with Apple Inc.
pending further order of the Court.

IBM and Mr. Papermaster have now agreed on a resolution of the lawsuit under
which Mr. Papermaster may not begin employment with Apple until April 24, 2009,
six months after leaving IBM, and will remain subject thereafter to all of his
contractual and other legal duties to IBM, including the obligation not to use
or disclose IBM`s confidential information. Following commencement of his
employment with Apple, Mr. Papermaster will be required to certify, in July 2009
and again in October 2009, that he has complied with his legal obligations not
to use or disclose IBM`s confidential or proprietary information. The
preliminary injunction will be replaced by a court order under which the Court
will have continuing jurisdiction over this matter, including compliance
enforcement powers, until October 24, 2009, one year after Mr. Papermaster`s
departure from IBM.

IBM
Fred McNeese, 845/598-3698
fredmc@us.ibm.com

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